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U.S. small business owners face difficulties in making rent payments...

...and landlords can't afford to evict them.

The economic shutdowns and on-again-off-again re-openings have made it hard for business owners to cover their rent, which can sometimes be their largest expense.

That has created an uncomfortable tension and interdependency with the often small, independent landlords or small real estate firms from which they rent. Those landlords, after all, have their own expenses and taxes to pay.

An informal survey taken at the end of June by small business advocacy group The Main Street Alliance found that nearly 60% of its members had delayed or reduced their commercial rent payments in the past four months. Nearly half said they've had to pay business expenses by borrowing against their home or using their personal credit cards.  

The economic strain likely will get worse before it gets better for everyone.

Free Quarantine Craft Kits from Help Heal Veterans

Being in quarantine can get lonely and boring. VA has teamed up with Help Heal Veterans to deliver quarantine kits to help keep Veterans occupied and entertained.

The kits contain reading and educational materials, craft supplies, and materials that can be used to help Veterans create their own face masks.

Learn More

Huawei

It is the largest telecom equipment manufacturer in the world, and its prices can’t be beat. However, some Western governments worry that the Chinese government could use Huawei gear as a Trojan horse to spy on them. The U.S. has been the most anti-Huawei of all, consistently pushing its allies to block the company.

Initially, the UK wasn’t swayed, saying it would allow Huawei gear in the “non-core” parts of its 5G network. But yesterday it made a U-turn, citing U.S. sanctions on chips that could dent the quality of Huawei products.

The British reversal is a major geopolitical win for the U.S. in its fight with China for tech supremacy.

Oil crash lessons for businesses.

Yes, April 20, 2020, will go down in history as the 1st time the price of a barrel of oil crashed below zero.

The price war between Saudi Arabia and Russia, compounded by the unexpected impacts of coronavirus, sent the value of oil spiraling in mid-February.

What does all this mean for small and medium-sized businesses? 

* If, as a small or medium-sized business, you’re heavily invested in oil-related industries, now is a good time to diversify your portfolio.

* Consumer and business prices for oil-related products aren’t determined by the base price of a barrel of oil. There are other costs involved, including refining, distribution, packaging, etc. While slightly lower prices are likely, you shouldn’t count on pumping stations offering petrol for free just yet.

* Taxpayer-Backed Loans for SMBs Went to the Fossil Fuel Industry

Conclusion

Good financial management is essential to small and medium businesses. Many companies will shut down as a result of what’s happened over the last few months. And an even greater number will struggle to get back on their feet. That's why it's important to cut costs with no upfront fees at  BusinessRefund.com

What Does a D&B Report Show?

This a business credit report that could be viewed as similar to a personal credit report for businesses.

This is the report that banks and other lending institutions may consider when determining whether they should give you a loan—as well as what interest rate may be assigned to your loan.

The best way to improve this report is to run a quick 5-minute analysis at

BusinessRefund.com

Bosses making new hires are finding that coronavirus-restrictions can actually help make them more effective recruiters.

Many employers across the U.S. small and large are still hiring--and Covid-19 is pushing them to adopt new and creative recruiting strategies.

Not long ago, the big hiring challenge often was finding enough job candidates, but with the U.S. unemployment rate at 11 percent, the focus for employers with jobs to fill has shifted to how to hire people given the restrictions imposed by the pandemic and how to benefit from hiring.

Businesses can now earn up to $5,000 per employee via YourWotc.com which host a live chat box from 

9am - 5pm  M-F  EST